KLMFX Review

KLMFX Review

Founded in 2015 in Bahrain, KLMFX is an award-winning online trading broker that operates the STP execution model, which offers access to the interbank markets. They offer access to trade multiple financial instruments across different asset classes, including forex, indices, commodities, and CFDs.  Their clients are provided with the popular MT5 trading platform, which is available in desktop, web, and mobile versions. There are various learning resources and a responsive client support team to assist traders. Their clients are offered various competitive trading conditions, such as low spreads from 0.0 pips, leverage of up to 1:800, zero account fees, and more. The minimum deposit required to start trading is $100.

KLMFX Review Introduction

In this KLMFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including KLMFX.

KLMFX Platforms & Tools

At KLMFX, all trading activities are conducted through the MT5 platform, an advanced trading platform that is replete with various trading tools to help users get the most out of their trades. The platform was introduced in 2010 by MetaQuotes and has continued to evolve, gaining massive acceptance among forex and CFD traders. It features over fifty customizable technical indicators, three different chart types, expert advisors, and more. The broker makes the MT5 trading platform available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices.

KLMFX Review MT5 Platform
KLMFX Review MT5 Platform

Traders are provided with some standalone trading tools to make up for those that are lacking on the provided trading platform. These standalone trading tools include an economic calendar, trading calculators, market analysis tools, and more.

KLMFX Research & Education

To ensure that traders make informed trading decisions, the broker makes available a good selection of learning resources, such as educational books, tutorial videos, glossaries, an FAQ section, and news that keeps traders up-to-date with the latest happenings in the financial markets.

KLMFX Review Trading Calculator
KLMFX Review Trading Calculator

KLMFX Trading Accounts

KLMFX provides traders with a choice of three live trading account options, namely: Silver ($250), Golden ($5,000), and Platinum ($20,000) Accounts. In addition, there is a demo account option to help traders to test out their trading strategies risk-free before implementing them on the live trading accounts.

KLMFX Review Account Types
KLMFX Review Account Types

KLMFX Account Funding

KLMFX processes all account deposit and withdrawal requests using any of the following payment methods: bank transfers, credit/debit cards, and some online payment gateways, including Neteller and Skrill.

KLMFX Customer Service

Traders can contact the broker’s client support team through any of the following channels: telephone, email, Live Chat, and social media. The support team is always available to respond to all trading inquiries and assistance that traders may need.

KLMFX Regulation

There is no regulatory information on the broker’s website at the moment. The lack of regulation could discourage prospective clients from opening an account with the broker.

KLMFX Review Summary

KLMFX is an online financial services provider that allows traders to buy and sell multiple financial assets using the MT5 trading platform. Their clients benefit from various competitive trading conditions, such as low spreads from 0.0 pips, leverage of up to 1:800, zero account fees, and more. The minimum deposit required to start trading is $100.  The broker is not regulated by any financial authority at the moment.

It is worth mentioning that some of the trading products and services in this KLMFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the KLMFX broker website, which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

KLMFX

6.2

Spreads

8.0/10

Liquidity

8.0/10

Commissions

8.0/10

Support

7.0/10

Regulation

0.0/10

Features

  • Advanced MT5 trading platforms
  • Educational resources & trading tools
  • Multiple financial instruments